The Music Biz Week in Review 10/26/12

Hello everyone, College of Charleston is back this week with more music industry news. Thanks for joining us again. We hope your enjoying our blog as well as learning useful tips, and interesting information about the music industry.

Ever wonder how much money websites generate when they share a link on Facebook or Twitter? Billboard.biz brings us information on ticketing website Evenbrite, and their newly released report on social media. Evenbrite, and other ticketing websites such as Ticketmaster, have created social media pages in hopes of generating more revenue. Check out this report to see just how much these websites have increased profits.

In business news, the world’s largest radio company SirusXM will have a new CEO. Mel  Karmazin, current CEO, has decided to step down early next year. What could this mean for SirusXM as a company? Billboard.biz talks about what this could mean for the company, why Karmazin has decided to step down, and what other board members are saying about it.

Monkeybars, a new music sharing site, announced their official launch earlier this week. Although there are many sites these days people go to download their music, Monkeybars has a couple unique features about it. One of them being you, as a fan, can make money by downloading and sharing an artist’s song. Hypebot.com takes a deeper look in to the product to see how this business model is supposed to work.

Artists create their music for a specific reason. The artist may or may not know why they are creating it, but every piece of music has a purpose behind it. Musicthinktank.com discusses some of the reasons why artist make music. They talk about how knowing what you want out of your career can help you determine why you make your music.

It is getting harder and harder to get your music noticed, just because of the amount of artist there are today uploading music to the internet. Once you’ve gotten noticed it is important to keep those fans from going on to the next thing. Musicthinktank.com discusses some of the benefits of adding a story to your promotion to make sure your fans stay long time fans.

Stay tuned for more College of Charleston music news. Thanks again for taking the time to read our blog. Please check out our Facebook page, and we hope y’all have a good rest of your week.